https://www.taxtmi.com/caselaws?id=457453 Reassessment could not be sustained where the recorded reasons for reopening lost their foundation after a letter before the HC showed that the tax evasion petition had already been closed. The material relied on was only general information, found to be devoid of merit and non-actionable, so it could not justify initiation of reassessment. On that basis, the objections to reopening were also unsustainable. The impugned reopening-related order and the letter disposing of objections were quashed. en-us Fri, 29 Apr 2022 00:00:00 +0530 Thu, 19 Sep 2024 20:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457453 Reassessment could not be sustained where the recorded reasons for reopening lost their foundation after a letter before the HC showed that the tax evasion petition had already been closed. The material relied on was only general information, found to be devoid of merit and non-actionable, so it could not justify initiation of reassessment. On that basis, the objections to reopening were also unsustainable. The impugned reopening-related order and the letter disposing of objections were quashed. Case-Laws Indian Laws Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457453